Fitch affirms KT

Fitch Ratings said it affirmed KT Corp.'s long-term foreign-currency issuer default rating and senior unsecured notes rating at A.

The outlook is stable.

The ratings reflect KT's position as a fully-diversified telecommunications operator with leading market positions in the fixed-line and broadband businesses, Fitch said.

Benefiting from its dominant position and strong brand name, KT continues to generate robust free cash flow after capital expenditure and dividends, the agency said.

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